AllianceBernstein Holding LP Stock Forecast
AllianceBernstein Holding LP stock price down 0.0288% on Thursday
(Updated on Mar 28, 2024)
The AllianceBernstein Holding LP stock price fell by -0.0288% on the last day (Thursday, 28th Mar 2024) from $34.75 to $34.74. During the last trading day the stock fluctuated 1.77% from a day low at $34.71 to a day high of $35.33. The price has risen in 6 of the last 10 days and is up by 4.11% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -143 thousand shares and in total, 207 thousand shares were bought and sold for approximately $7.20 million.
The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $34.79 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 6.86% during the next 3 months and, with a 90% probability hold a price between $34.73 and $37.17 at the end of this 3-month period.
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AB Signals & Forecast
The AllianceBernstein Holding LP stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $34.34 and $33.57. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -0.0288%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for AllianceBernstein Holding LP stock
AllianceBernstein Holding LP finds support from accumulated volume at $33.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.615 (1.77%) between high and low. For the last week, the stock has had daily average volatility of 2.11%.
Our recommended stop-loss: $33.42 (-3.81%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (AB) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect AllianceBernstein Holding LP to open at $34.93, and during the day (based on 14 day Average True Range), to move between $33.91 and $35.57, which gives a possible trading interval of +/-$0.83 (+/-2.38%) up or down from last closing price. If AllianceBernstein Holding LP takes out the full calculated possible swing range there will be an estimated 4.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $34.75 (0.03%) than the support at $33.75 (2.85%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is AllianceBernstein Holding LP stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for AllianceBernstein Holding LP stock to perform well in the short-term.
Current score: 1.337 Buy Candidate Unchanged
Predicted Opening Price for AllianceBernstein Holding LP of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$34.93 ( 0.533%) | $34.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AB
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 35.54 | 2.30 % | |
R2 | 35.31 | 1.63 % | ||
R1 | 35.16 | 1.21 % | ||
Current price: | 34.74 | |||
Support | S1 | 34.69 | -0.143 % | |
S2 | 34.55 | -0.561 % | ||
S3 | 34.31 | -1.24 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 34.75 | 0.0288 % | ||
Current price | 34.74 | |||
Support | S1 | 33.75 | -2.85% | |
S2 | 33.15 | -4.58% | ||
S3 | 31.77 | -8.55% |
AB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 06, 2024 | Feb 16, 2024 | Mar 14, 2024 | $0.770 | 2.31% |
2 | Oct 26, 2023 | Nov 06, 2023 | Nov 22, 2023 | $0.650 | 2.32% |
3 | Nov 03, 2023 | Nov 03, 2023 | Nov 22, 2023 | $0.650 | 2.32% |
4 | Jul 27, 2023 | Aug 04, 2023 | Aug 17, 2023 | $0.610 | 2.03% |
5 | Apr 26, 2023 | May 05, 2023 | Aug 17, 2023 | $0.660 | 2.19% |
FAQ
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